AMFI Cuts ARN Registration and Renewal Fees for MFDs by 50%, Reduces EUIN Registration and Renewal Fees for Employees to Rs500 Moneylife Digital Team 30 April 2021 The Association of Mutual Funds in India (AMFI), the registering body for mutual fund distributors, has decided to reduce AMFI registration number (ARN) registration and renewal fees for most distributor types, including individual distributors, by 50%of the existing rates from 1 May 2021.
The employee unique identification number (EUIN) registration and renewal fees for the employees too have been reduced to Rs500 from Rs1,500 and Rs750, respectively, the mutual fund industry trade body says in a release.
Nilesh Shah, chairman of AMFI says, "We aim to have greater number of small savers to benefit from long term investment solutions offered by the mutual fund industry. This initiative of reducing the registration and renewal fees would help larger number of individuals from across the country to come into Mutual Fund distribution fold and contribute to the last mile connectivity."